CIBC Private Wealth Group LLC Has $1.96 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

CIBC Private Wealth Group LLC increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 37.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 28,887 shares of the industrial products company’s stock after purchasing an additional 7,894 shares during the period. CIBC Private Wealth Group LLC’s holdings in Donaldson were worth $1,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC increased its holdings in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after buying an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Donaldson in the 4th quarter valued at about $91,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

DCI stock opened at $68.40 on Thursday. The company has a market capitalization of $8.18 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The business has a 50-day simple moving average of $69.24 and a two-hundred day simple moving average of $71.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio is presently 31.58%.

Analysts Set New Price Targets

A number of research firms have recently commented on DCI. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird boosted their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.00.

Insider Buying and Selling at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.